BRICking investment

The Russian Direct Investment Fund (RDIF) and China Investment Corporation (CIC) sealed the deal to form a vehicle to invest mainly in Russia and the former Soviet Republics. The joint fund will start out with $2bn in capital with the figure set to go up to $4bn.
China was the first but by it won’t be the last Russian partner in constructing such platforms, as the one with Kuwait also being in the pipeline, Dmitriev added. “..We’ll announce 2 more in 3-4 months,” he said. On December 24 the RDIF signed an agreement with State Bank of India (SBI), another country in the BRIC club………………………………………..Full Article: Source